So I have just finished up my second day at the Siemens Energy Middle East & Africa #EnergyWeek. A completely different day that took the second theme of innovation into a deeper dive around tackling the decarbonization of the hydrocarbon industry, followed by digitalizing the energy industry and a final panel about preparing societies for energy evolution
It was a mixed bag for me. Innovation is my core topic, and energy is my major focus area to apply innovation to, so this was a day of expectations and insights. I am sorry it is a little longer than I would have liked but here you go:
I am attending a virtual event held by Siemens Energy focusing on their Middle East and African region during their #EnergyWeek.
There are three days of focused panels discussing areas around Transformation, Innovation & Sustainability in Energy within these regions.
For me, it is highly valuable. I have had periods living in the Middle East and Africa, the experiences hold many of my important moments over a business career that eventually covered living and working across six continents.
The energy transition needs to re-design around a global energy system built on clean, renewable energy.
We need an energy revolution. Let me explain this in brief:
A unique part of the energy transformation we are presently undertaking is how complex this is. The change requires a massive overhaul to reduce not just our carbon emissions but to put in place radical solutions on how we generate, distribute, store, and consume energy in totally different ways than the present.
Our present dependence on fossil fuels needs us to drive exponential growth in renewable energy, such as wind, solar, and water, to achieve this change in our energy system.
We are currently locked into a ‘battle of the energy ecosystems.’ where our very existence is requiring one side to win, it simply must, renewable clean energy must be more dominant in all the investments we are making today and in the future.
This ecosystem battle is between those that are highly vested in the fossil-based energy supply system of today and those that are forcing change into a more renewable reliant energy system as quickly as possible. Stating a wish to move to renewables needs absolute clear, concrete, committed actions, backed up by demonstrable investments, away from fossil fuels.
In the energy transition, we require, we are pushing so much of the principles and theories of ecosystems to the maximum test in the outcomes we wish to achieve. The pathway to move from reliance on fossil fuel energy to renewables is long, complex, and fraught with risk. Yet the risks need to be taken. Continue reading “The Battle of the Energy Ecosystems Is Looming”
The big four needs of the Energy Transition for clean energy are achieving greater Electrification from renewables, building out Hydrogen, sustainable Bioenergy, and Carbon Capture. These are suggested as the main pillars to get us moving towards the Net Zero targets of eradicating the harmful emissions by the 2050 to 2070 range. We have a long way to go in time, commitment, and investments. I also feel in belief!
Hydrogen is undoubtedly becoming the big agenda ticket within any Energy Transition. It is the promise of being a central pillar for many parts of the world to achieve their decarbonization targets to get as close as they can to zero carbon by mid-century.
Hydrogen seems to hold, it seems, such a promise, but it is nearly all to do. There is so much to validate, prove, and certainly scale. We have some exciting pilots, even some emerging commercial-scale projects.
Still, these pilots or pockets of limited commercialization are not connected up or integrated into a Hydrogen Economy. So far we are not able to scale sufficiently to generate that same unstoppable momentum that Wind and Solar as sustainable renewables are achieving, in dislodging fossil fuels.
Today we do not yet have a Hydrogen infrastructure, market and price competitiveness, or overarching policies to build into a movement that shifts the energy needle.
To mobilize our innovation capabilities and capacities for the energy system, they do have a compelling need to be purposefully marshalled for the future energy demands and the carbon-free world that is being demanded, and supportive of the commitments within the Paris climate accord.
We need to pursue, nurture, and see beyond as our three points of delivering change within the Energy transition. The combination of all three gives us the potential to navigate the energy transition we need. This energy system needs to move from today’s reliance of fossil fuels and antiquated infrastructure into one based on clean, sustainable and renewable energy sources, delivered through a highly distributed infrastructure, designed for the final consumer of the energy. Continue reading “How can we mobilize innovation capability for the energy transition?”
Is deep decarbonization possible? The level of investments will be substantial and require enormous changes to the energy system we have in place today.
Taking a higher-level of decarbonization, I have summarized the critical aspects we need to consider when we discuss this area. I have put them in blocks of bullet points here in this opening decarbonization post. I am planning to delve into each of these in later posts. Continue reading “Themes for Decarbonizing, My Agenda Setting Post”